SBI Mutual Fund is the Mutual Fund of the year at CNBC-TV18 – CRISIL Mutual Fund Awards

MUMBAI: In a glittering ceremony, CNBC-TV18, India's leading Business Medium and CRISIL, India's premier ratings agency announced the most sought after and valued Mutual Fund Award in the country - 'CNBC-TV18 – CRISIL Mutual Fund of the Year Award'.

Mark Tucker, Chief Executive of Prudential & Ajay Srinivasan, Chief Executive, Fund Management, Prudential Corporation Asia spoke on the performance of mutual funds across the world, emerging trends, investor reactions and expectations setting the tone for the evening. This was followed by a p anel discussion with Mr Ramesh Damani, Mr Jaikumar, Mr Kela and Mr Naganathan moderated by Udayan Mukherjee.

As the most powerful radar to prosperity, the CNBC TV18 and CRISIL Mutual Fund of the Year awards performance and consistency in wealth creation of enterprising fund houses for the year 2006. These Awards, based on CRISIL's objective and analytically rigorous CRISIL~CPR methodology, are the ultimate test in performance and consistency on one of the most distinguished platform.

These awards are the Investors most definite guide to the best managed fund house in the country. It brings together the world's most renowned investment experts and shares their ideas, philosophies and predictions.

The winners in the various categories at the Mutual Fund of the Year were:

Large Cap Oriented Equity Funds DSP Merrill Lynch Opportunities Fund Sundaram BNP Paribas Select Focus
Diversified Equity Funds SBI Magnum Global Fund

SBI Magnum Sector Umbrella - Contra Fund

Sundaram BNP Paribas Select Midcap
ELSS SBI Magnum Tax Gain Scheme 1993
Income Funds Principal Income Fund

UTI Bond Fund
Income Short Reliance Short Term Fund
Balanced Funds HDFC Prudence Fund

SBI Magnum Balanced Fund
Liquid Funds HDFC Cash Management Fund - Savings Plan

UTI Liquid cash plan
Liquid Funds Institutional Tata Liquid Fund - SHIP
Liquid Funds Super Institutional UTI Liquid Cash Plan - Institutional Plan
Gilt Funds Long Reliance Gilt Securities Fund - Long Term Plan

Templeton India G-Sec Fund - Long Term Plan
MIP Aggressive HDFC Monthly Income Plan - LTP
MIP Conservative Prudential ICICI MIP Plan - Cumulative
Floating Rate Funds (Long term) Principal Floating Rate Fund - Flexible Maturity Plan
Floating Rate Funds (Short term) HDFC Floating Rate Income Fund - Short Term Plan
Sectoral –IT SBI Magnum Sector Umbrella - Infotech Fund
Emerging Fund of the Year (diversified equity) Prudential ICICI Infrastructure Fund
Mutual Fund of the Year SBI Mutual Fund

In addition to leaders from various fund houses, luminaries from India's financial services sector including senior regulators, leading economists and analysts witnessed a host of awards being presented to various mutual funds for their consistent performance over time on the CRISIL~CPR performance rankings framework.

Commenting on the methodology Rupa Kudva, ED & Chief Rating Officer,CRISIL, said "The fund house of the year award is given to the mutual fund which performs well in CRISIL's CPR framework, has a good presence across categories, and wins at least 2 category level awards"

Speaking at the occasion, Mr. Haresh Chawla, CEO, TV18 Group said, "The size of the Mutual fund industry is a burgeoning Rs 3,39,662 crore indicating the popularity enjoyed by Mutual funds amongst investors who want to participate in India's growth story. Increased popularity in Mutual funds as an investment avenue and a spurt in the number of innovative mutual funds calls for a robust, unbiased and objective evaluation of the annual performances of funds. Since its inception, 'The CNBC-TV18 – CRISIL Mutual Fund of the Year Award' has established a benchmark for excellence in the Mutual Fund industry and has over the years, assisted investors to make the right choices in their mutual fund investments."

Speaking on the initiative, Mr. Ashvin Arora, Director, OptiMix, said, "CNBC Mutual Fund awards is a landmark event in the Indian Mutual Fund Industry, which recognizes and rewards the best managed fund houses on the basis of objective performance criteria laid down by Crisil. As India's first multi-manager, Optimix identifies best of breed mutual funds and blends them together into separate products, so that optimal combinations of expertise and style are available to the investor. The Optimix process helps the investor with superior, consistent wealth creation. All in all, this is a great fit and we are proud to be associated with the CNBC TV-18-Crisil Mutual Fund Awards 2007. My heartiest congratulations to the winners of this prestigious award."

Latest Reads
“ABBY AWARDS 2019” announces the illustrious Master Jury for the Creative ABBY’s

The gold standard in advertising awards, ABBY Awards 2019 that celebrates creative excellence in the category has announced an illustrious master jury for the upcoming edition.

Television TV Shows Awards
Discovery India unveils unique short-form video destination on Dailyhunt app; Discovery Plus creates waves on the digital media

Discovery Communications India (DCIN), country’s leading factual entertainment network, has entered into a unique partnership with India’s No 1 News and local content discovery app – Dailyhunt.

Television TV Channels Factual @ Discovery
Analysis: Latest news television trends and consumption patterns

The FICCI M&E 2019 report says that 43 percent of the 885 private TV channels in India are ‘news channels’. It further states that news, which commands a 7 percent share of viewership, garnered a disproportionately high share of advertising volumes.

Television TV Channels Viewership
Kids prefer home-grown content, feature films on TV

The TV industry is growing and so is kids’ viewership. Since 98 per cent of India is still single TV homes, co-viewing is extensive and leads to better targeting options while demand for localised content and regional content are a boon to creators. Broadcast Audience Research Council (BARC) India...

Television TV Channels Kids
LimeRoad rewards loyal customers with new gold membership programme

To further enrich the shopping experience of its loyal customer-base and further deepen ties with them, LimeRoad, India’s online fashion platform, has announced its new loyalty programme titled “LimeRoad GOLD”.

Television TV Channels News Broadcasting
This Holi, enjoy ‘Colour Blast’ on Movies NOW

Movies Now, India’s destination for Hollywood Blockbusters, announces their vibrant line up of the biggest fantasy and animation films with a special property titled ‘Colour Blast’, to celebrate Holi.

Television TV Channels English Entertainment
CNN explores India’s Finest Travel Experiences with ‘Travel Trends India’

Whether it’s an ambitious road trip throughout Rajasthan or a luxurious stay at a Maharaja’s palace, India beckons to the traveler who is seeking experiences over photo-ops.

Television TV Channels News Broadcasting
Goquest Media Ventures picks up drama content from China, Thailand, Taiwan

Independent content distributor GoQuest Media Ventures announced a raft of new acquisitions from China, Thailand and Taiwan

Television Production House Fiction
Discovery Channel to premiere Todd Sampson’s Body Hack 2.0 from 25th March

Discovery Channel, India’s leading factual entertainment channel, is all set to premiere the second season of very popular series Body Hack 2.0 starting Monday, March 25 at 21:00 hrs.

Television TV Channels Factual @ Discovery

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories